The Lede

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Lenders are Quietly Lowering FICO Credit Score Requirements for Mortgages
Bankrate.com, Mar. 22, 2019--Natalie CampisiThese increases in LTVs and DTIs are not surprising given that we're in a home-buying environment, especially since home prices are rising much faster than wage growth, says Michael Fratantoni, Mortgage Bankers Association chief economist.
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Mortgage Rates are Now Breaking New Lower Territory, And They Could Stay There for Months
CNBC, Mar. 22, 2019--Diana Olick"The combination of lower rates - especially compared to last spring - and moderating home-price growth improves buyers' purchasing power and will hopefully translate to a somewhat faster pace of home sales than previously expected," said Mike Fratantoni, chief economist for the Mortgage Bankers Association.
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The Future of Affordable Housing
Media Planet, Mar. 22, 2019--Ben CarsonHUD Secretary pens op-ed calling on industry and policymakers to improve affordable housing opportunities and spur economic growth.
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Mortgage Sector Performance May Lag as Fed Pivots to Treasuries
Bloomberg, Mar. 22, 2019--Christopher MaloneyMortgage securities may perform worse than government bonds in the coming months after the Federal Reserve said it plans to move more of its debt holdings into U.S. Treasuries.
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Trump Offers Fed Board Position to Economic Commentator Stephen Moore
Wall Street Journal, Mar. 22, 2019--Nick Timiraos (subscription)President Trump said Friday he intends to nominate former campaign adviser Stephen Moore to serve on the Federal Reserve's Board of Governors.
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World’s Biggest Banks Accused of Price-Fixing Fannie Mae, Freddie Mac Bonds
HousingWire, Mar. 22, 2019--Ben LaneThe lawsuit was filed this week by the state of Pennsylvania, which claims that Bank of America; Barclays Capital; BNP Paribas; Citigroup; Credit Suisse; Deutsche Bank; Deutsche Bank Securities; First Tennessee Bank; FTN Financial Securities; Goldman Sachs; JPMorgan Chase; J.P. Morgan Securities; Merrill Lynch; and UBS Securities conspired to both overcharge and underpay investors on debt bonds issued by Fannie and Freddie between 2009 and 2014.
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Rural America Faces a Housing Cost Crunch
Pew Charitable Trusts, Mar. 25, 2019--Tim HendersonNearly one-fourth of the nation's most rural counties have seen a sizeable increase this decade in the number of households spending at least half their income on housing.
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